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Diploma in Anti Money Laundering Level 5

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49 STUDENTS

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Anti Money Laundering Training Course Overview

The ever-evolving world of finance cannot overstate the importance of Anti-Money Laundering (AML) measures. Money laundering is a global issue that continually threatens the stability of financial systems, leading to socio-economic problems and facilitating criminal activities. This is the main problem that our Anti Money Laundering Training – QLS Level 5 Course 2023 seeks to address.

This course, will equip you with the necessary knowledge and skills to identify, report, and prevent money laundering activities within your organisation or institution.

The Benefits of solving this problem

Firstly, you will be contributing to global efforts in preventing the flow of illicit funds, which often finance harmful activities like terrorism and organized crime. Next, by fostering a strong culture of compliance, businesses can protect themselves from the reputational damage and financial penalties associated with money laundering.

Key Features of This Course

  • Accredited by CPD
  • Instant e-certificate and hard copy dispatch by next working day
  • Fully online, interactive course with audio voiceover
  • Developed by qualified professionals
  • Self-paced learning and laptop, tablet, smartphone-friendly
  • 24/7 Learning Assistance
  • Discounts on bulk purchases

Sneak Peek

Money Laundering Introduction What is Money Laundering Why are AML Efforts Important How is Money Laundered

Endorsement

The Quality Licence Scheme has endorsed this course for its excellent non-regulated provision and training programs. However, Ofqual does not regulate it, and it is not an accredited qualification. If you require further recognition, such as progression into higher education, your training provider can offer advice. You may also refer to the Learner FAQs on the Quality Licence Scheme website for more information.

Certification

After successfully completing the Anti Money Laundering Training – QLS Level 5 Course 2023, learners will be able to order an endorsed certificate as proof of their achievement. This certificate of achievement endorsed by the Quality Licence Scheme. You can have endorsed certificates delivered to your home via post for just £109.

Also once you’ve successfully completed your course, you will immediately be sent a CPD Accredited FREE Digital Certificate. You can have your FREE printed CPD Accredited Certificate delivered by post (shipping cost £3.99). 

 

Quality Licence Scheme

FAQ

We are an online course provider, and learners from anywhere in the world can enrol on our courses using an internet-connected device.

The course can be accessed for 1 year. The specific course duration varies from course to course. The Anti Money Laundering Training – QLS Level 5 Course 2023 duration is 3hours 32minutes.

Yes, you will receive a free Digital Certificate after completing the course. If you want, you can order the Digital Transcript, Hardcopy Certificate & Transcript as well, for which you need to pay an additional fee. The fees of Digital Transcript, Hard Copy Certificate & Transcript are given in the certificate ordering page:

Ordering page link: https://www.trainingexpress.org.uk/certificate/

Learning Outcomes

By the end of the course, learners will be able to:

  • Understand the basics of Anti-Money Laundering (AML)
  • Discuss the three stages of money laundering and the Proceeds of Crime Act 2002
  • Demonstrate knowledge of the role of a money-laundering report officer
  • Assess client risk and conduct a thorough client risk assessment
  • List the main elements of a customer due diligence program
  • Understand AML record-keeping requirements in the UK
  • Detect unusual transactions and suspicious activity
  • Show awareness of staff responsibility and training requirements
  • Identify the different types of events that might cause suspicion

Who should take the course

This Anti Money Laundering Training – QLS Level 5 Course 2023  is ideal for anyone looking to kickstart a career in this field or who wants to gain a deeper understanding of money laundering and how to prevent it. This includes:

  • Money Laundering Reporting Officer
  • AML Analysts
  • AML Officer
  • Risk & Compliance Analyst
  • Compliance Manager

Assessment

At the end of the course, there will be an online assessment, which you will need to pass to complete the course. Answers are marked instantly and automatically, allowing you to know straight away whether you have passed. If you haven’t, there’s no limit on the number of times you can take the final exam. You paid a one-time fee for the course that includes all of this.

Course Curriculum

In this introductory module, we will develop our understanding of what money laundering is and will explore the three stages of money laundering in detail. 

In module two, we will learn the principles of the Proceeds of Crime Act 2002 and discuss the notions and elements of criminal property. It covers the concealing offence, arranging office and the Acquisition, Use and Possession Offence.

In module three, we will familiarise with terrorist legislation and take a more in-depth look at The Proceeds of Crime Act 2002. It provides essential information on the second, third, fourth and fifth Money Laundering Directive.

In module four, we will learn about the role of the money laundering reporting officer and the information that needs to be included in the MLRO’s Annual Report. It also covers internal reporting procedures.

In module five, we will develop our understanding of customer due diligence and the main factors to consider when determining AML risk. It also provides step-by-step guidance on how to assess client risk.

In module six, we will explore the key elements needed in a customer due diligence program, from account opening to customer identification and verification. It also covers consolidated KYC risk management.

In module seven, we will look at record-keeping procedures and best practice, including in what form records should be kept and the consequences of failure to keep records.

In module eight, we will gain an in-depth understanding of what constitutes suspicious activity and what to do if customer activity appears suspicious, as well as the types of events that may cause suspicion. 

In module nine, we will take a look at the legal requirements for staff training and awareness, including the responsibilities of senior staff. A wide range of training methods will be explored, as well as key assessment procedures.

Diploma in Anti Money Laundering Level 5
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